., there is nothing wrong with beautifying war-zone areas but just know that you have to be aware of the element that you will be surrounded by, keep the candle burning bright because you may have to spend a couple nights in the property to keep it from being rampaged, i haven't step into this arena, i prefer to go where the houses are selling, in neighborhoods that i know i wouldn't be afraid to live, but to each his own, if you can get a line of credit opened and then from there look into getting a mentor or someone who has done this before if you want to build your portfolio, it wont be easy but nothing is life worth anything is, do you duty and due diliegence and you should be alright, let me know if i can help keep posting but most of all keep sharing

Went through 2 iterations of our plan with an architect only to discover it cost too much to build.Earlier this year we looked into a container home only to be shot down by the zoning commission.Construction costs have come down since last year so now we're looking at a very small stick-built cabin.  

Other things that are red flags for me: Their bios don't even mention how long they've been managing other people's money. 

Basically if someone is offering to pay 12 months in advance there are a lot of red flags that go up. 

If that number is greater than the purchase price of the house, then I would consider buying the property after looking at other factors (location, condition, neighborhood, zoning, etc).In other words, 6 straight months of rent should pay for the house. 

I recently had a conversation with my lender and mentioned I would be purchasing a property as my primary residence.  I would live there while fixing it up then renting it out in a year.  She cautioned I need to be ca...

Within the IRS technical audit guide they specifically highlight being several hundred miles away from the property as a potential red flag. 

Seems that way in the business of Land Flipping...which is a red flag in my eyes...maybe it's not a part of the real estate sector I need to get into. 

She and my step father bought an undeveloped land (Roosevelt California) - residential zone back in 1995-1996 I think from a realty broker that time.

This sometimes can kill the deal if you are in a flood zone.